Becoming Marketing Active: The Fulcrum Guide to Getting Started with Business Marketing – In the first part of our guide to becoming marketing active Store Marketing Outsourcing firm in navi mumbai, we looked at some of the reasons that drive a business to start marketing (if you missed part one, check it out here). But once you’ve made the decision to embark on a marketing strategy for your business, what next? Where do you start and what steps should you take to ensure a smooth and successful process? As is so often the case in business (and life!), preparation is key. So before rushing into any kind of marketing, it’s important to take the time to plan, research and strategise for success. In order to create an effective marketing strategy, you need to develop a thorough understanding of your market, your competitors and your business itself. This means getting back to basics and equipping yourself with all the information you need to identify marketing activities that work for your brand. 1) Research your target market How much do you know about the target audience of your product or service? We’re not just talking about age, sex or occupation (though, of course, you need to know these too). To have the best chance of reaching your target market, you need to dig deeper and find out exactly what drives them towards purchase. What kind of triggers are they most likely to respond to? Which elements of the marketing mix have the most impact on them? How will your product or service benefit them? Understanding these aspects of your target audience will enable you to position and market your brand accordingly, so comprehensive market research is essential. It’s often easier (and more cost-effective) to outsource this type of research to a professional agency who will be better placed to obtain the information you need. 2) Analyse your competition In order to stay ahead of your competitors, you need to know who they are, what they’re doing and how they’re doing it. Once you’ve identified who your key business competitors are, look into the marketing methods they’re using and the way in which they have positioned their brand. What channels and platforms have they chosen to market their business? How are they promoting their brand and its products/services? Consider which elements are crucial to your own business and how you can position your brand in order to get ahead. 3) Define your objectives What do you want to achieve from your marketing activity? Whether it’s to increase your revenue, establish your business in a new market segment or improve brand awareness, setting clear, measurable marketing objectives is vital in understanding what steps need to be taken in order to achieve these goals. Make sure that each identified objective is specific (how much do you want to increase revenue by?), achievable (is it realistic?) and has a timeframe for accomplishment (are you aiming to achieve this goal in three months or a year?). You also need to make sure that your marketing objectives tie in with your overall business objectives. 4) Understand your business You may think you have a pretty good understanding of your business, but it’s surprising what insights can be achieved when you conduct a thorough SWOT analysis (strengths, weaknesses, opportunities, threats). Be rigorous, be meticulous, and above all be brutally honest. Is a lack of staff training letting your business down? Are your prices too high to compete in today’s market? Arming yourself with this knowledge is invaluable in developing a marketing strategy that leverages your company’s strengths and addresses those areas which need to be improved. In the next instalment of the Fulcrum guide to becoming marketing active, we’ll be looking at the raft of marketing channels available and helping you to identify which ones are best for your business. If you have something to share on this topic, why not get in touch? Leave your comments below…

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Perspectives: Women in Advertising 2018

Tell us about who you are and what your job title is?

I’m Amy Beth Stern, a New York City native with 20 years of experience in the brand marketing space and currently the Senior Director of Business Growth & Client Strategy at Eventive Marketing. Eventive is a highly creative experiential and strategic brand .

Was there a job you had at one point, outside of advertising, that prepared you most for success later in life?

I was a Psychology major in school, but had a passion for theater. So, I spent some time after college pursuing my illustrious acting career. During this time, I did quite a bit of serving and tending bar. If anything prepares you for the different type of personalities you will encounter in your career, for the various ways individuals will judge and treat you, it’s the restaurant industry. It prepared me for how to handle clients, co-workers, and bosses.

What do you see as being the biggest change in the advertising industry since women have begun to break the “glass ceiling”?

Well, aside from the obvious changes that have been occurring over time, since the of the demise of “Don Draper” days, I would say the biggest change is that women have been able to reach higher positions brand side. There are many more female CMOs than ever before. These women run the agency selection process and they see the value of women in strategy and creative roles that will help drive their business goals.

But, that ceiling is not gone, it just may be raised a bit higher. I am always surprised at how few female creative directors there are. We still have work to do in creating true gender-neutral opportunities.

As for challenges that still exist, I sometimes think we (women) are our own worst enemy. We have to shed our fears and gain confidence about our jobs and worth. I don’t know one man that would settle for a salary that he deemed less than his full value, or be nervous of asking for a raise and a promotion. Yet, I hear this all the time from women.

From Like A Girl to Fearless Girl, a raft of advertising campaigns have set out to empower women. How do you feel about these campaigns? Can they change attitudes within the industry?

I remember the first time I saw a “Like a Girl” spot at an industry conference. I needed tissues! I have two little boys and I strive every day to teach them that girls and boys are equally capable of anything. I think if we continue with positive messaging like this, disseminated in the right way and right places, we can absolutely change attitudes. It’s important to reach them young and also in adolescence. But I believe we can eventually eradicate the biases that exist as this generation grows up. This is a huge passion of mine and we are working on an experiential activation that will reach ‘tweens and teens with positive messaging around gender equality.

How have the recent #MeToo and #TimesUp movements played out in the advertising sector? Are they making a significant impact?

I think #MeToo and #TimesUp are making an impact in all sectors. Bringing this immoral treatment and behavior into the national and pop-culture spotlight sends the message to all. No more. You are not going to get away with it anymore. We are watching out for one another.

Initiatives such as Free The Bid are trying to create more opportunities for women in advertising. But what could be done at a more grass roots level to attract women in the first place?

Great work created by women should inspire other young women to get involved in the industry. Role models in higher-up agency positions should do their best to be visible and engaging to millennials and Gen Zers.

Can you reflect on a mentor that helped guide you in your career and tell us what made them special?

I mentioned I have two little boys, right? I cannot believe how hard it is to play the dual role of a working mom. The strength it takes, the time it needs. There is no such thing as off-duty. I go from one job to the other and back. My mom was (still is) probably the best mother on this planet. She went above and beyond for my sister and I (we are talking home-sewn Halloween costumes and baked from scratch birthday cakes, PTA, etc). All the while, running retail for the Girl Scouts of the USA in their Manhattan HQ. She is a mentor and a half.

And if “mom” is too cliché for you, the woman who really mentored me in my career and made me a stronger woman was Annette Bachner. Annette was a dear friend and neighbor and the first female television director ever. She was “accidentally” promoted from stage manager on the Howdy Doody Show to Director on NBC news. When they saw that “A. Bachner” was a woman, she was promptly removed. That did not stop Annette. She went on to be a successful TV commercial director and producer and the first female American ever to win a Gold Lion at Cannes! Her stories, always over a scotch on the rocks, of using her gymnastic skills, hanging lights from riggings while the men on the set stood around dumbfounded, make me smile to this day.

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